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Asahi Songwon Colors Ltd (ASAHISONG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532853 NSE: ASAHISONG Dyes & Pigments | Small Cap | Asahi Songwon Colors Share Price

₹366.05 -1.75 (-0.48%)

As on 06-Nov'26 16:59

Asahi Songwon Colors Ltd (ASAHISONG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532853 NSE: ASAHISONG Dyes & Pigments | Small Cap | Asahi Songwon Colors Share Price

₹366.05 -1.75 (-0.48%)

As on 06-Nov'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹431 Cr.
Current Price
₹366.1
52-Week Low / High
₹179 / 415
TTM EPS
₹29.6
TTM Sales
₹575 Cr.
Book Value per Share
₹246.4
P/E Ratio
12.39
Lower than its 5-year historical median
Industry PE
3.4
Price to Book (P/B)
1.49
Higher than its 5-year historical median
Price to Sales (P/S)
0.75
Lower than its 5-year historical median
EV/EBITDA
7.36
Lower than its 5-year historical median
Dividend Yield
0.41%
Profitability Efficiency
Return on Equity (ROE)
6.75%
Underperforms industry median
Return on Capital Employed (ROCE)
9.09%
Underperforms industry median
Return on Assets (ROA)
3.01%
Underperforms industry median
Operating Profit Margin
9.3%
Outperforms industry median
Net Profit Margin
3.32%
Underperforms industry median
Gross Profit Margin
8.3%
Outperforms industry median
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-11.81%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-11.3%
Net Profit Growth (1 Year)
-
5.46%
Asset Quality
Promoter Holding
67.08%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹279 Cr.
Equity
₹11.8 Cr.
Face Value
₹10
All Time Low / High
₹11.70 / 588.85

Asahi Songwon Colors stock performance

Key Ratios
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Check Before You Invest

Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
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Q.1 Is Asahi Songwon Colors Ltd a good quality company?
Asahi Songwon Colors Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

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How does Asahi Songwon Colors Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Asahi Songwon Colors Ltd vs industry peers?
Asahi Songwon Colors Ltd revenue CAGR is 13.60%, compared to the industry median CAGR of 1.33%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Asahi Songwon Colors Ltd?
Promoters hold 67.08% of the Asahi Songwon Colors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Asahi Songwon Colors Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 3.6% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Asahi Songwon Colors Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ23.1%15.7%12.2%11.2%18.7%12.2%1.3%10.9%12.1%9.9%-
Value Creation
Index ⓘ		0.70.1-0.1-0.20.3-0.1-0.9-0.2-0.1-0.3-

Growth Parameters ⓘ
Sales ⓘ253293294284283401337277390344374
Sales YoY Gr.-15.4%0.4%-3.4%-0.3%41.8%-15.9%-18%41.1%-11.8%-
Adj EPS ⓘ22.418.515.418.62517.4-6.2619.915.528.7
YoY Gr.--17.4%-16.9%21.2%34.4%-30.5%-135.7%NA231.2%-22.1%-
BVPS (₹) ⓘ129.2148157.8164.3193.4209.7199.8222.1243.5260.3274.7
Adj Net
Profit ⓘ		27.522.718.822.830.120.9-7.37.123.518.334
Cash Flow from Ops. ⓘ28.15.927.174.34.924.746-3.850.815.5-
Debt/CF from Ops. ⓘ1.3132.30.39.12.12.1-23.71.14.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ3.5%4%0.7%-11.8%
Adj EPS ⓘ-4%-9.1%NA-22.1%
BVPSⓘ8.1%6.1%9.2%6.9%
Share Price 3.6% 2.5% 8.9% 35.1%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		18.713.31011.613.98.6-32.98.66.210.7
Op. Profit
Mgn % ⓘ		18.713.213.712.117.19.52.46.111.510.213.4
Net Profit
Mgn % ⓘ		10.87.86.48.110.65.2-2.22.665.39.1
Debt to
Equity ⓘ		0.20.40.30.10.20.20.40.30.20.2-
Working Cap
Days ⓘ		14215717616516914917922118725596
Cash Conv.
Cycle ⓘ		71791018587858799708823

Valuation of Asahi Songwon Colors - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales294284283411505426562535
Operating Expenses ⓘ + 254249234379499408506486
Manufacturing Costs6155558480699079
Material Costs172172156257378302367355
Employee Cost 8881016182225
Other Costs ⓘ 1314152724202827
Operating Profit ⓘ 403450325185650
Operating Profit Margin (%) 13.5%12.1%17.5%7.8%1.0%4.3%10.0%9.3%
Other Income ⓘ + 01066347
Exceptional Items ⓘ 004002600
Interest ⓘ 542514131612
Depreciation ⓘ 8891215161919
Profit Before Tax ⓘ 26234421-18182526
Tax ⓘ 801261288
Profit After Tax 18233215-18161718
PAT Margin (%) 6.2%8.1%11.3%3.6%-3.7%3.7%3.0%3.3%
Adjusted EPS (₹)14.918.626.816.1-9.917.016.815.9
Dividend Payout Ratio (%)20.10%16.10%13.10%3.10%-5.10%2.90%9%9.40%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 194202228242219236255271
Share Capital ⓘ 12.2712.2712.0312.0311.7911.7911.7911.79
Reserves ⓘ 181189215230207224243260
Debt +57164574161171147124
Long Term Debt181382756695741
Short Term Debt39438471051029082
Minority Interest014474241302726
Trade Payables312442738180110133
Others Liabilities ⓘ 2822283543544441
Total Liabilities ⓘ 309278389468545570584596

Fixed Assets

Net Fixed Assets ⓘ +150129213235275306305292
Gross Block208195285319377424441446
Accumulated Depreciation58667384102118136154
CWIP ⓘ 11190251100
Investments ⓘ 1413211102
Inventories622949106868587125
Trade Receivables55557891107122148138
Cash Equivalents 34249365
Others Assets ⓘ 2337373042433735
Total Assets ⓘ 309278389468545570584596
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 27578-03095843
PBT ⓘ 26233921-18-82526
Adjustment ⓘ 1412161628283531
Changes in Working Capital ⓘ -625-38-2824-136-4
Tax Paid ⓘ -7-3-9-9-41-9-9
Cash Flow From Investing Activity ⓘ + -3-16-60-28-77-13-5-7
Capex -4-11-69-27-29-7-5-5
Net Investments 1-59-1-4810-1
Others ⓘ 00000-7-00
Cash Flow From Financing Activity ⓘ + -24-395028474-49-38
Net Proceeds from Shares ⓘ 0143300000
Net Proceeds from Borrowing ⓘ -3-5-5282620-20-16
Interest Paid ⓘ -5-4-2-5-14-13-16-12
Dividend Paid ⓘ -4-70-4-1-1-1-2
Others ⓘ -13-37241036-3-12-8
Net Cash Flow ⓘ -02-2-00-03-2
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)9.4511.5514.896.24-8.016.896.876.75
ROCE (%)12.2911.2318.28.43-1.027.339.729.09
Asset Turnover Ratio0.950.970.850.9610.760.970.91
PAT to CFO Conversion(x)1.52.480.25-0N/A0.563.412.39
Working Capital Days
Receivable Days68.2070.7085.907571.5098.3087.7097.30
Inventory Days77.4058.8050.2068.8069.6073.3055.7072.10
Payable Days66.3058.607781.7074.7097.4094.60125.30

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Annual reports

No annual reports available.

Concalls

No concalls available.

Asahi Songwon Colors Ltd FAQs

The current trading price of Asahi Songwon Colors on 06-Nov-2026 16:59 is ₹366.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 05-Nov-2026 the market cap of Asahi Songwon Colors stood at ₹431.5 Cr

The latest P/E ratio of Asahi Songwon Colors as of 05-Nov-2026 is 12.74.

The latest P/B ratio of Asahi Songwon Colors as of 05-Nov-2026 is 1.33.

The 52-week high of Asahi Songwon Colors is ₹414.9 and the 52-week low is ₹179.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Asahi Songwon Colors is ₹374 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Asahi Songwon Colors Ltd is a below average quality company.

The key valuation ratios of Asahi Songwon Colors Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Asahi Songwon Colors Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Asahi Songwon Colors Ltd

Asahi Songwon Colors was incorporated in 1990 as privately owned company- Asahi Dyechem. The company was founded by Paru Jaykrishna.

Later in 1996-97, Songwon Colors of South Korea decided to enter into a joint venture with Asahi Dyechem with financial investment and technological collaboration. Thus, company’s name was changed to Asahi Songwon Colors

Asahi Songwon initially established manufacturing facility for pigment green 7 with a capacity of 600 MT. Then, after getting good international market, the capacity has been increased to 1200 mt/annum.

In 2005, Asahi Songwon Colors started manufacturing of CPC Blue Crude 5N with the technology of Clariant Songwon Colors of South Korea.

From existing capacity of 4000 MT/A, very soon company is planning to double the blue crude capacity. The company also intends to diversify in to allied products.

Asahi Songwon Colors' research and development laboratory is located at Asahi Green Plant site, which provides technical service to customers and seeks to develop new products suited to customer needs.

Products manufactured by the company:

  • Pigment Green 7
  • CPC Blue Crude
  • Pigment Alfa Blue 15:0
  • Pigment Alfa Blue 15:1
  • Pigment Beta Blue 15:3

Awards/ recognition:

Company’s pigment facility is located at Mehsana district and its figment blue facility in Vadodara district of Gujarat. Both plants have received ISO 14001:2004 certification.

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